ies 3. In November of 2015, the Public School Teachers' Pension and Retirement Fund sued 12 of the largest swap dealers (including: Bank of America, Citigroup, Goldman Sachs, UBS Group, Barclays, Credit Suisse Group, Deutsche Bank, among others. TRFC ide investors are stuck in the 'inefficient and antiquated' over-the-counter market and blocked from transparent, competitive pricing and faster trades so the dealers can preserve an extraordinary profit center, [which has]... allowed the dealers to 'extract billions of dollars in monopoly rents, year after year," The Federal judge hearing this case has retained you to answer the following questions to inform her decision. (40 Points Total) a. What is the Value of an interest rate Swap when it is first written (remember that the Swap rate is set such that the Value of the Swap is initially...)? (3 Points) Libor b. How does an interest rate Swap gain Value as time passes (what key market variables change over time to make the Swap valuable)? (5 Points) For Company it can use swap to l'ok in theio too tha interest Rate to a tx ihtnest Rate when Rate rasie, campany aald pay less wit